Sanctuary Advisors LLC Purchases 39,205 Shares of Carnival Co. & plc (NYSE:CCL)

Sanctuary Advisors LLC lifted its position in Carnival Co. & plc (NYSE:CCL) by 68.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,133 shares of the company’s stock after acquiring an additional 39,205 shares during the quarter. Sanctuary Advisors LLC’s holdings in Carnival Co. & were worth $2,396,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CCL. Sequoia Financial Advisors LLC grew its stake in shares of Carnival Co. & by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock worth $506,000 after acquiring an additional 1,211 shares in the last quarter. Signaturefd LLC increased its holdings in Carnival Co. & by 6.2% during the third quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock worth $249,000 after buying an additional 785 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Carnival Co. & during the third quarter worth about $16,472,000. Dumont & Blake Investment Advisors LLC purchased a new stake in Carnival Co. & during the third quarter worth about $352,000. Finally, Allworth Financial LP increased its holdings in Carnival Co. & by 16.4% during the third quarter. Allworth Financial LP now owns 16,469 shares of the company’s stock worth $304,000 after buying an additional 2,317 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of research analyst reports. Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective for the company. Morgan Stanley raised their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Barclays raised their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Truist Financial raised their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Price Performance

CCL stock opened at $23.19 on Friday. The firm has a 50 day moving average of $25.64 and a 200-day moving average of $22.18. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The firm has a market capitalization of $26.99 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted ($0.07) earnings per share. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.